 Asset Class: | Industrial |
 Price: | $ 925000 |
 Net Yield: | 5.30 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
This rare industrial business unit in the prestigious Steel River Industrial Estate offers a prime investment opportunity with a strong tenant in place until November 2027. Positioned on a high-exposure corner, the property features a concrete panel warehouse with automatic roller door access, high-bay LED lighting, and 3-phase power, along with a modern office space, mezzanine level, and NBN connectivity. With a projected 30% uplift in rental income and an anticipated equity increase of approximately $275,000+ within 18 months, this is a secure, high-growth asset in one of the Hunter region's most sought-after industrial precincts.
How old is the asset?
Vendor's reason for selling?
Days property been on market?
Is this property strata titled?
Are the seller and tenant related parties?
How long has the current tenant been on site?
How long has the tenant been in business?
Is this property in a flood zone?
Is this lease a leaseback arrangement?
<b>Mayfield West, NSW</b> is a growing industrial and commercial hub located just 8 km northwest of Newcastle’s CBD. Known for its strategic position along major transport routes, including the Pacific Highway and close proximity to the Port of Newcastle, Mayfield West is a prime location for logistics, manufacturing, and warehousing businesses.<br><br>The area has experienced steady population growth, supported by Newcastle’s broader economic expansion. With strong demand for industrial space, Mayfield West benefits from low commercial vacancy rates, reflecting the region’s desirability for businesses seeking easy access to transport links and the port. The nearby Steel River Industrial Estate has further boosted the suburb’s reputation as a modern, well-connected business precinct.<br><br>New South Wales’ strong economic performance adds to Mayfield West’s appeal, with continued investment in infrastructure and commercial development solidifying its status as a key player in the state's industrial landscape.
Additional Location Information FileMetropolitan Players<br><br>Metropolitan Players is a non-professional theatre company based in Newcastle, NSW, dedicated to delivering high-quality and affordable theatre experiences for over 45 years. Established in 1977, the company aims to entertain audiences by providing an escape from daily life through captivating performances. They are committed to fostering local talent by offering opportunities for performers and creatives to grow and learn. Metropolitan Players is managed by a committee elected annually, with Graeme Black serving as the current President. In July 2024, they presented "The Addams Family" musical at the SPCC Theatre in Waratah. The company also offers costume hire services and regularly holds auditions for upcoming productions.<br><br><a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://www.metropolitanplayers.com.au/"><u>https://www.metropolitanplayers.com.au/</u></a><span></span>
Initial Term:
Security:
17325
Security Info:
17325
To note: the property lies within a residual flood zone which is less the 1%. The agent has confirmed this area is not impacted by flood as the embankment is 4m high. Rethink has bought in Mayfield West previously and to my knowledge we have not come across any issues.
Additional Financial Information FileInitial Term:
Security:
17325
Security Info:
17325
Rental Comparisons: Subject Property: 1/11 McIntosh Dr, Mayfield West - 428sqm - $115 (net) 6/6 Coal Wash Drive Mayfield West – 205sqm - $205/sqm 4/7 Pambalong Drive Mayfield West - 350sqm - $199/sqm 3/33 Warabrook Boulevard Warabrook - 245sqm - $204/sqm (Market circa $145/sqm+ ) Build Comparisons: Subject Property: 1/11 McIntosh Dr, Mayfield West - 428sqm - $2208/sqm 15/11 McIntosh Dr, Mayfield West - 292sqm - $3,300/sqm 6/6 Coal Wash Drive Mayfield West – 205sqm - $3,463/sqm 17, 5-7 Channel Road, Mayfield West - 211sqm - $3649/sqm (Market circa $3000/sqm+)
Offer To Purchase:
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Initial Deposit:
$
Due Diligence:
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Finance:
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Settlement:
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Asking $945,000<br>Negotiated: $925,000<br>Net Yield: 5.3%<br><br>Huge upside for this property for this price point. Should be capitalised in only circa 18 months. See rental and sale comparisons.<br><br>Circa 30% uplift in rental income or more.<br><br>This should give a very strong return of equity increase of circa $275,000+<br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Prime Location:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Rare industrial business unit in the </span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Steel River Industrial Estate</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">, just minutes from Newcastle CBD, with easy access to </span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Newcastle Port</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> and </span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Airport</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>High Visibility:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Situated on the corner of </span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>McIntosh Dr</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> and </span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Laurio Pl</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">, offering great exposure and convenient access through multiple driveways</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Warehouse Features:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Concrete panel </span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>warehouse/workshop</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> with </span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>automatic roller door</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> access, </span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>high-bay LED lighting</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">, and </span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>3-phase power</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> available.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Modern Office Space:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Air-conditioned </span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>ground floor office</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> with an </span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>additional mezzanine level</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> and a </span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>glass shopfront entry</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Connectivity:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Equipped with </span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>NBN/data connectivity</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> for seamless business operations.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Amenities:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Features </span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>quality bathroom</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> and </span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>kitchenette facilities</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Investment Opportunity:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Leased until </span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>November 2027</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">, providing a secure income stream.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Sought-After Estate:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Positioned in one of the </span><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Hunter region's most prestigious industrial estates</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">, making it a strong investment choice.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Tenant</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">: Stable tenant who has been in business for 45 years.</span></p></li></ul>
